MMAC MMA Capital

Filed: 4 Mar 21, 4:16pm






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):

    February 28, 2021

MMA Capital Holdings, Inc.

(Exact name of registrant as specified in its charter)






(State or other jurisdiction


(I.R.S. Employer

of incorporation)

File Number)

Identification No.)

3600 O’Donnell St, Suite 600,

Baltimore, Maryland


(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code:

    (443) 263-2900

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Shares, no par value


Nasdaq Capital Market

Common Stock Purchase Rights


Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 28, 2021, Mr. Francis X. Gallagher, Jr., Chairman of the board of directors of MMA Capital Holdings, Inc. (the “Company”), announced his resignation as a member the board of directors (the “Board”), and as a member of the Audit, Compensation and Governance Committees effective upon the Board naming his replacement as Chairman.

On March 3, 2021, the Board held a special meeting and named Mr. Michael L. Falcone to the position of Chairperson of the Board and Mr. J.P. Grant III as lead independent director.   Mr. Gallagher’s board seat will remain vacant until such time as the Board elects a new member or chooses to eliminate the seat.

Mr. Gallagher confirmed that his resignation was for personal reasons and did not result from any disagreement with the Company or its auditors on any matter relating to the Company’s operations, policies or practices, including its internal controls or financial matters.

In addition to the board updates, upon recommendation of the external manager, Hunt Investment Management, LLC, the Board has confirmed Mr. Gary A. Mentesana as Chief Executive Officer. Mr. Mentesana will retain his additional titles of Chief Operating Officer and President of the Company.

Item 9.01.    Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number


Description of Exhibit


Press Release, dated March 4, 2021


Cover Page Interactive Data File (formatted as Inline XBRL)


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

MMA Capital Holdings, Inc.

Date: March 4, 2021


/s/ Gary A. Mentesana


Gary A. Mentesana


Chief Executive Officer